Calix Executive Compensation (FY25)

Name: Calix (CALX) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

CALX · San Jose, CA · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 7, 2026Latest filing (8-K): May 15, 2026

14 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

Calix brief$1,500Get the executive brief

247 figures on this page: 236 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

Chief executive, fiscal 2025

◇

Michael Weening

Latest say-on-pay support

May 14, 2026

Chief executive pay ratio

◇

To the median employee

What changed from fiscal 2023 to fiscal 2025

The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.

Chief executive total compensation — Michael Weening: $7,155,795 → $10,820,080 (51.2% higher)

Say-on-pay support: 74.3% → 96.9% (22.6 points higher)

Frequently asked questions

Answers drawn from the data on this page.

Who is Calix's chief executive and what were they paid?

Michael Weening, President and Chief Executive Officer, received $10,820,080 in total compensation for fiscal 2025. Weening's total was 51.2% higher than the $7,155,795 reported for fiscal 2023.

What was Calix's say-on-pay result?

For fiscal 2025, shareholders backed the say-on-pay proposal with 96.9% of votes cast for or against in favor at the meeting held May 14, 2026.

Which companies are in Calix's peer group?

Companies named in the disclosed peer group include 8x8, ADTRAN Holdings, Arista Networks, Blackbaud and Box, among others.

What is Calix's chief executive pay ratio?

The company reported a chief executive pay ratio of 73.5:1 for fiscal 2025, against median employee compensation of $147,197.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Michael Weening President and Chief Executive Officer	◇	◇	—	◇	◇	—	◇	◇
Cory Sindelar Chief Financial Officer	◇	◇	◇	—	—	—	◇	◇
Shane Eleniak Chief Product Officer	◇	◇	◇	—	◇	—	◇	◇
Matt Collins Chief Revenue Officer	◇	—	◇	◇	◇	—	—	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Michael Weening President and Chief Executive Officer	◇	—	—	◇	◇	—	◇	◇
Shane Eleniak Chief Product Officer	◇	—	—	◇	◇	—	◇	◇
J. Matthew Collins Chief Commercial Operations Officer	◇	—	—	◇	◇	—	◇	◇
Cory Sindelar Chief Financial Officer	◇	—	—	◇	◇	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Michael Weening President and Chief Executive Officer	◇	—	—	◇	◇	—	◇	◇
J. Matthew Collins Chief Commercial Operations Officer	◇	—	—	◇	◇	—	◇	◇
John Durocher Chief Operating Officer	◇	◇	—	◇	◇	—	◇	◇
Shane Eleniak Chief Product Officer	◇	—	—	◇	◇	—	◇	◇
Cory Sindelar Chief Financial Officer	◇	—	—	◇	◇	—	◇	◇

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.

Fiscal 2025

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Cory Sindelar	OPTION	◇	—	—	◇	—	◇	◇
J. Matthew Collins	OPTION	◇	—	—	◇	—	◇	◇
John Durocher	OPTION	◇	—	—	◇	—	◇	◇
Michael Weening	OPTION	◇	—	—	◇	—	◇	◇
Shane Eleniak	OPTION	◇	—	—	◇	—	◇	◇

Fiscal 2023 are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.

As disclosed at fiscal 2025 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Shane Eleniak	Option	◇	—	◇	02/10/2032
	Option	◇	—	◇	02/09/2033
	Option	◇	—	◇	02/08/2034
	Option	◇	—	◇	01/31/2035
Michael Weening	Option	◇	—	◇	11/27/2033
	Option	◇	—	◇	02/08/2034
	Option	◇	—	◇	10/28/2032
	Option	◇	—	◇	11/27/2032
	Option	◇	—	◇	02/09/2033
	Option	◇	—	◇	02/10/2032
	Option	◇	—	◇	01/31/2035
John Durocher	Option	◇	—	◇	02/08/2034
	Option	◇	—	◇	01/31/2035
	Option	◇	—	◇	03/24/2033
	Option	◇	—	◇	03/24/2033
Cory Sindelar	Option	◇	—	◇	02/09/2023
	Option	◇	—	◇	02/10/2022
	Option	◇	—	◇	02/08/2024
	Option	◇	—	◇	11/27/2022
	Option	◇	—	◇	01/31/2025
	Option	◇	—	◇	11/27/2023
J. Collins	Option	◇	—	◇	01/31/2035

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

Cory Sindelar

Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing

Severance multiple	◇
Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇
Excise tax treatment	◇

J. Matthew Collins

Terms as described in the company’s compensation discussion · citing a 2026 filing

Severance multiple	◇
Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇
Excise tax treatment	◇

John Durocher

Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing

Severance multiple	◇
Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇
Excise tax treatment	◇

Michael Weening

President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing

Severance multiple	◇
Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇
Excise tax treatment	◇

Shane Eleniak

Chief Product Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing

Severance multiple	◇
Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇
Excise tax treatment	◇

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Carl Russo Board chair	◇	◇	◇	—	—	—	◇
Kevin Peters Lead independent director	◇	◇	—	—	—	—	◇
Kathleen Crusco	◇	◇	—	—	—	—	◇
Christopher J. Bowick	◇	◇	—	—	—	—	◇
Wade Oosterman	◇	◇	—	—	—	—	◇
Kira Makagon	◇	◇	—	—	—	—	◇
Rajatish Mukherjee	◇	◇	—	—	—	—	◇
Michael Berry	◇	◇	—	—	—	—	◇
Eleanor Fields	◇	—	—	—	—	—	◇

Michael Weening served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.

Board cash retainer	◇
Board equity retainer	◇
Total board retainer	◇
Board chair premium	◇
Lead independent director premium	◇
Audit committee chair	◇
Audit committee member	◇
Compensation committee chair	◇
Compensation committee member	◇
Nominating and governance chair	◇
Nominating and governance member	◇

Equity is delivered as Rsas.

Stock ownership guideline: 4x annual Board cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2025

8x8 EGHT
ADTRAN Holdings ADTN
Arista Networks ANET
Blackbaud BLKB
Box BOX
Commvault Systems CVLT
Extreme Networks EXTR
Five9 FIVN
Fortinet FTNT
Harmonic HLIT
Infinera INFN
InterDigital IDCC
LiveRamp Holdings RAMP
NetScout Systems NTCT
Nutanix NTNX
Rapid7 RPD
Ribbon Communications RBBN
SolarWinds SWI
Viavi Solutions VIAV

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	May 14, 2026	=	◇	◇	◇
2024	May 8, 2025	=	◇	◇	◇
2023	May 9, 2024	=	◇	◇	◇
2022	May 11, 2023	=	◇	◇	◇
2021	May 12, 2022	=	◇	◇	◇
2020	May 13, 2021	=	◇	◇	◇
2019	May 13, 2020	=	◇	◇	◇
2018	May 22, 2019	=	◇	◇	◇
2017	May 16, 2018	=	◇	◇	◇
2016	May 17, 2017	=	◇	◇	◇
2015	May 18, 2016	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

Chief executive total compensation

◇

What this page does not include

Everything above is a fact Calix disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Calix sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

Executive Compensation Report — $1,500

Written compensation analysis

A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.

Executive Compensation Report — $1,500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $1,200

Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

Velarion Intelligence

Adviser switching and vote outcomes

Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.

Inquire about access

Multiple companies at once

Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.

247 figures on this page: 236 cited to the filing that reported them, 11 calculated from figures it prints.

236 cited to the filing

11 calculated from the filing

Documents cited

8-K, filed May 15, 2026
0001406666-26-000021
DEF 14A, filed March 27, 2026
0001406666-26-000006
CEO PAY RATIO · Compensation Discussion and Analysis · DIRECTOR COMPENSATION · Director Compensation Table · and 3 more sections
8-K, filed May 9, 2025
0001406666-25-000018
8-K, filed May 9, 2024
0001406666-24-000018
DEF 14A, filed March 28, 2024
0001406666-24-000013
Summary Compensation Table
8-K, filed May 12, 2023
0001628280-23-017889
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed March 31, 2023
0001193125-23-088329
Summary Compensation Table
8-K, filed May 13, 2022
0001406666-22-000012
8-K, filed May 18, 2021
0001406666-21-000061
8-K, filed May 14, 2020
0001406666-20-000048
8-K, filed May 22, 2019
0001406666-19-000061
8-K, filed May 18, 2018
0001406666-18-000043
8-K, filed May 17, 2017
0001406666-17-000044
8-K, filed May 20, 2016
0001406666-16-000060

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Velarion, “Calix executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CALX (accessed 2026).

Short form: data: Velarion

The Calix brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

Both reports for $2,400.

Get the executive brief Get the board briefNo account needed.

14 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

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Peers Calix discloses

The companies named in CALX's own disclosed peer group.

8x8 ADTRAN Holdings Arista Networks Blackbaud Box Commvault Systems Extreme Networks Five9 Fortinet Harmonic Infinera InterDigital LiveRamp Holdings NetScout Systems Nutanix Rapid7 Ribbon Communications SolarWinds Viavi Solutions

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All companies

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Cite this data

APA

Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854

BibTeX

@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}